Deadline passes to spend bond proceeds - KUAM.com-KUAM News: On Air. Online. On Demand.

Deadline passes to spend bond proceeds

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by Nick Delgado

Guam - Bureau of Budget Management and Research director Benita Manglona says General Service Agency officials worked late last night to process a majority of the requisitions under DPW's Limited Obligation Highway Bond. She says 18 out of the 29 requisitions received were processed before the midnight deadline.

More than $400,000 slated for emergency vehicle repairs were in jeopardy because the deadline to spend those funds expired today. Senator Tom Ada sent a letter to BBMR requesting the remaining funds not processed be withheld from being re-appropriated.

Ada's legislation - Bill 142 - seeks an extension for the expenditure of the funds. The bill will go up for a public hearing on April 21.

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